Gas $7 Per Gallon in Four Years : TreeHugger
Time to buy a bike: Gasoline prices in North America will soar over the next four years to $7.00, causing a massive jolt to the continent’s manufacturing base not seen since the oil shocks of the 1970s, a leading economist is warning. Jeff Rubin of CIBC World Markets was laughed at three years ago when he predicted $ 100 per barrel oil, and now thinks it will climb to $225 in four years. (Houston Chronicle quotes him as saying gas will cost $10 per gallon)
I can’t find the source right now, but I read that the federal government supports roadway building and improvement to the tune of 40 Billion dollars while railway receives less than 2 Billion. Don’t you think it would be smart to change that balance? We need better railways and mass transit and bike paths.